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    4044 Penbrook St Odessa, TX 79762

    For Lease
    Contact for pricing

    Versatile Odessa Office, Multiple Suites Available

    Lot size:
    42,096 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    The Penbrook Building, located at 4044 Penbrook St, Odessa, TX 79762, offers a diverse range of office spaces ideal for various business needs. This two-story, 42,096 square foot building, constructed in 1983, sits on a 7.54-acre lot and features elevators. Currently, there are multiple suites available, ranging from 5,260 to 21,602 contiguous square feet, with a total of 28,473 square feet currently vacant. The building is zoned F1 and is situated in Ector County, at the cross streets of Wendover and Penbrook, providing excellent visibility and access. The property's adaptable design caters to executive offices, traditional offices, medical offices, and coworking spaces. Its prime location in Northwest Odessa ensures proximity to major retailers and high-traffic areas, fostering business growth. The building's flexible layout allows for customization to meet specific business requirements, making it an excellent choice for businesses seeking a prominent presence in a thriving commercial district. This opportunity presents a chance to establish or expand your business in a highly visible and well-located building with strong co-tenancy.

    Property Features for 4044 Penbrook St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    42,096 SF

    Building Details

    Year Built
    1983
    Stories
    2

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    21,602 SF
    Space
    1st Floor
    Size
    5,260 SF

    HighLights

    • 42,096 SF two‑story office building on a 7.54‑acre lot in Odessa, TX.
    • Multiple suites available, ranging from 5,260 SF to 21,602 SF contiguous, with 28,473 SF currently vacant.
    • Excellent visibility and accessibility at the intersection of Wendover and Penbrook, zoned F1.
    • Suitable for various uses including professional, medical, tech, and retail tenants.
    • Ample parking and easy access due to high‑traffic location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    First American Home ... Real Estate Agency PB Materials Corporate Concrete Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.34405172814
    Latitude
    31.894042433095

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    FAQs

    What type of property is this?
    Coworking space - Versatile Odessa Office, Multiple Suites Available
    Where is this coworking space located?
    The property is located at 4044 Penbrook St Odessa, TX.
    What are key features of this property?
    This property features: 42,096 SF two-story office building on a 7.54-acre lot in Odessa, TX.; Multiple suites available, ranging from 5,260 SF to 21,602 SF contiguous, with 28,473 SF currently vacant.; Excellent visibility and accessibility at the intersection of Wendover and Penbrook, zoned F1.
    Request Owner's contact information
    4044 Penbrook St Odessa, TX 79762
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    Odessa, TX 79762
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4044 Penbrook St Odessa, TX 79762
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